| Date: |
25-05-2015 |
| Subject: |
Indian rupee opens lower at 63.62/$, down 10 paise |
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The Indian rupee has opened lower at 63.62 a dollar on Monday, down 10 paise compared to Friday's closing value of 63.52 per dollar.
Agam Gupta, Standard Chartered expects the rupee to see a range of 63.50-63.75/USD for the day as any downtick to 63.50/ USD will attract dollar demand from the local government banks.
He also expects to see some selling from FPIs on upticks to 63.75/USD.
The US dollar was trading stronger against peers.
Source : moneycontrol.com
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